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S. Korea to Foster Radiopharmaceuticals Industry for Exports by 2035: Science Ministry

S. Korea to Foster Radiopharmaceuticals Industry for Exports by 2035: Science Ministry

SEOUL, Nov. 7 (Korea Bizwire) — South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said Thursday. “We have devised a strategy to spearhead into the global radiopharmaceuticals market by improving domestic production capabilities of [...]

South Korea to Ease Investment Rules for Foreign Companies in Saemangeum Project

South Korea to Ease Investment Rules for Foreign Companies in Saemangeum Project

SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]

S. Korea to tighten regulations on Telegram and other platforms to combat deepfake sex crimes.

S. Korea to tighten regulations on Telegram and other platforms to combat deepfake sex crimes.

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push for upping regulations on domestic and foreign platform operators such as Telegram as part of its comprehensive plan aimed at eradicating deepfake-related sexual crimes. Under the plan, online messaging app Telegram will be required to have an agent representing the company in [...]

Government Opens Applications for New Global Startup Entrepreneur Visa

Government Opens Applications for New Global Startup Entrepreneur Visa

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will begin accepting applications for a newly introduced special visa category for global startup entrepreneurs this week. According to the Ministry of SMEs and Startups and the Ministry of Justice, the government will begin accepting applications Thursday for the Startup Korea Special Visa, or [...]

Government Plans to Expand Undercover Operations Targeting Deepfake Sex Crimes

Government Plans to Expand Undercover Operations Targeting Deepfake Sex Crimes

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push to expand the scope of undercover investigations into deepfake sex crimes to include cases where the victims are adults. The Office for Government Policy Coordination unveiled the measure as part of a package of steps drawn up together with relevant ministries to [...]

Seoul to Ban E-Scooters from High-Risk Streets in First-of-Kind Safety Measure

Seoul to Ban E-Scooters from High-Risk Streets in First-of-Kind Safety Measure

SEOUL, Nov. 6 (Korea Bizwire) – The Seoul Metropolitan Government announced on November 5 that it will become the first city in South Korea to designate “scooter-free zones” on streets with high accident risks, marking a significant shift in urban mobility management. The city will also begin immediate towing of illegally parked e-scooters, with municipal officials, [...]

Seoul’s Plant Companion Program Shows Promise in Helping Isolated Young Adults, Study Finds

Seoul’s Plant Companion Program Shows Promise in Helping Isolated Young Adults, Study Finds

SEOUL, Nov. 6 (Korea Bizwire) – A Seoul Metropolitan Government initiative providing companion plants to socially isolated young adults has led to decreased depression levels and improved self-efficacy among participants, according to city officials on November 5. The program, which marks a crucial first step in encouraging social participation among isolated youth, has shown tangible benefits [...]

Bank of Korea Warns of 21% GDP Drop by 2100 Without Climate Action

Bank of Korea Warns of 21% GDP Drop by 2100 Without Climate Action

SEOUL, Nov. 5 (Korea Bizwire) – South Korea’s economy could face severe long-term consequences if it fails to adequately address the climate crisis, with projections showing an annual growth rate decline of 0.3 percentage points and a 21% drop in GDP by 2100, according to a new report from the Bank of Korea. The central bank [...]

French Beef Returns to South Korean Market After 24-Year Ban

French Beef Returns to South Korean Market After 24-Year Ban

SEOUL, Nov. 5 (Korea Bizwire) – French beef is set to make its return to South Korean markets after a 24-year hiatus, marking a significant development in bilateral trade relations. The ban, implemented in 2000 due to concerns over Bovine Spongiform Encephalopathy (BSE), commonly known as mad cow disease, was recently lifted following extensive safety verifications.  [...]

Jeju Island Phases Out Palm Trees, Ending 40-Year Tropical Streetscape Era

Jeju Island Phases Out Palm Trees, Ending 40-Year Tropical Streetscape Era

JEJU, Nov. 5 (Korea Bizwire) – In a significant shift from its 1980s urban planning, Jeju Island is gradually removing its iconic palm trees from city streets, marking the end of an era in the island’s landscape design. The Jeju City government announced on November 4 that it plans to replace approximately 100 Washington palm trees [...]